The cryptocurrency world has two main algorithms that are being used at the moment:
1.Proof of work
2.Proof of stake
Postoken is based on the latter and is a Proof of Stake token. In recent times,the number of coins being generated has been rising tremendously from hundreds to thousands.Hence we are facing problems as to which algorithm to implement as we are unsure of which of the above mentioned ones is more profitable.
PoStoken is the world's first Proof-of stake smart contract token constructed on the platform of Ethereum.It is contingent on the ERC20 token standard and performs all the standard methods. It implements the Proof-of-Stake mechanism.This means that holders of PoSToken get to earn some supplementary tokens just by holding the PosToken for a duration of time of at least 3 days. This time can be greater than or equal to the minimum coin age.
In addition,the purpose of the PoStoken developer team is to not just to deliver a simple token in the Ethereum platform based on Proof of Stake for the sake of it but to also describe a path and a certain standard for future Proof of Stake tokens that are going to be issued on the blockchain of Ethereum.The developer team call these standards as PoStokenStandard.
The main goal/objective of the developer team is to assemble a healthy community and ecosystem based on these standards. It has been observed that the future of the Proof of stake has already begun.I strongly believe that a brand new epoch of crypto tokens is in the range of our vision.
The crypto markets are still in their early stages of development and will take time to conform but this is the sole reason why every opportunity you get is grab-worthy. And PoStoken is way forward in the mining game.
PoStoken specifications in detail :
Name: PoSToken
Symbol: POS
Decimal: 18
Max Total Supply: 10M
Initial Supply: 1M
Min Coin Age: 3 Days
Max Coin Age: 90 Days
First Year Flowers: 100%
Interest Year 2: 50%
Flowers Year 15: 10%
For more info, visit the official site and BTT below;
https://bitcointalk.org/index.php?topic=2110712.msg23047267#msg23047267
Don't forget to sign up for the free airdrop! https://airdrop.postoken.org/?r=29bh28yd